Contract Win and Appointment of Distributor

RNS Number : 2882D

Windar Photonics PLC

26 April 2017

 

26 April 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Windar Photonics plc

("Windar" or the "Company")

15 LiDAR Unit Order in China and appointment of new regional distributor

Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has received a new order for 15 WindEYE™ LiDAR units from a newly appointed regional distributor focused on potential specific IPP customers in China. The LiDAR sensor units are expected to be delivered in Q2 2017.

The newly appointed distributor is working closely with some potential Chinese IPP customers and the majority of the 15 WindEYE™ LiDARs are expected to be installed and commissioned on a specific off-shore wind park in China. They will be integrated directly into the wind turbine control system for optimization of yaw alignment to increase the average power generation on the individual wind turbines.

Jørgen Korsgaard Jensen, Chief Executive Officer of the Company, commented:

"The Chinese wind market is a key market for Windar Photonics future growth why I am very pleased for this new order and the agility of our newly appointed distributor. Our strategy in this very important Chinese market is showing progress and I am confident in our China IPP and OEM market expectations."

For further information:

Windar Photonics plc	Jørgen Korsgaard Jensen, Interim CEO	[phone]
Cantor Fitzgerald Europe         Nominated Adviser and Broker	Andrew Craig Richard Salmond	[phone]

About Windar:

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimisation systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.

http://investor.windarphotonics.com 

 

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